343 East Boundary Road, Bentleigh East VIC 3165

McKinnon zone landholding | 652sqm corner block | rebuild or develop potential | high-demand family catchment This property is bought for its land in a premium school zone, not the existing house. The 652sqm allotment on East Boundary Road offers a rare configuration edge for a buyer seeking to build a new family home or secure a development site subject to council approval. The location within the McKinnon Secondary College zone is the primary demand driver, supported by walkable access to Centre Road shops, parks, and public transport. This suits a buyer with medium-term holding capacity who values positional scarcity over immediate livability. The existing three-bedroom, one-bathroom house is functionally obsolete and will require full renovation or demolition, adding significant cost and timeline risk. No off-street parking and no recent comparable sales create valuation uncertainty. The buyer’s opportunity is to secure a blue-chip land position at a price reflecting the old dwelling, then hold or build to capture ongoing school-zone premium. For a developer, the corner block may yield a small townhouse project subject to council appetite. Use this property as a land bank in a tightly held corridor, with a clear exit via new home sale or subdivision once approvals are in place.